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20121202
20121210
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the federal budget deficit. he knows something about something. he was around when clinton -- remember that economy? okay. he said i wish president obama and the democrats would explain to the nation the federal budget deficit isn't the major problem and deficit reduction shouldn't be the major goal. problem is lack of good jobs and the goal must to be revive both. deficit reduction leads us away from jobs and growth. the reason the fiscal cliff is dangerous is because it's too much deficit reduction too quickly that would suck demand out of the economy. more jobs and growth will help the deficit. recall the '90s when the clinton administration balanced the budget because of faster job growth than anybody expected bringing in more tax revenues than anyone had forecast. europe offers the same lesson in reverse. thank you. as jim says, every time we talk about this, they keep taking the wrong -- lindsey graham said we're going to be greece. yeah, if we do what you want! the best way to generate jobs and growth is
was lowering taxes at the high end. we had higher tax rates under clinton, and we created 40 million jobs and had a surplus. then the bush folks came in put the war on the credit card prescription drugs on the credit card, and lowered taxes at the high end, and we had only 700,000 jobs, and had astonishing deficits since then. >> stephanie: the same l.a. times piece even makes that case with the war in afghanistan winding down, the military is asking for less than congress wants to give. so i think there has been so much hysteria over this fiscal cliff that i'm not sure it's warranted. >> that's exactly right. and also the ryan budget you know, their doctrine -- and it really is doctrining. lower taxes for the wealthy, and that will trickle down. untrue. number 2 increase spending in the pentagon way beyond what the pentagon wants and that will make us three. and that cut back on things like education and scientific research and somehow we'll have a stronger future. none of those things make any sense. at the core of the ryan approach, and he is representative of the
on the people $250,000 and up to what they were under bill clinton. 600,000 new businesses were started, god forbid that should happen again. but the groundhog day element of this stephanie, is this. last year at this time, the president wanted to extent the payroll tax cut. the republicans stamped their feet and wanted tax cut for the wealthy. and the president stood his ground and they undid this by unanimous consent right before christmas. that's what is going to happen this time. >> stephanie: again, they say the president is not being clear. >> obama: just to be clear, i'm not going to sign any package that presents rates going up for folks at the top 2%. >> he wasn't clear enough. he didn't say which country. [ laughter ] >> he has to be much more precise. >> stephanie: jay carney excooed it again. >> a deal by republicans that rates on the top 2% the wealthiest americans, have to rise. there is no deal without that acknowledgment, and without a concrete mathematically sound proposal. >> stephanie: oh my god, i'm reading the chyron right now. the white house has on
Search Results 0 to 3 of about 4 (some duplicates have been removed)

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